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Misr Italia Properties to deliver Kai Sokhna before year end

Misr Italia Properties to deliver Kai Sokhna before year end

ArabFinance: Misr Italia Properties (MIP) plans to deliver the first phase of its EGP 2.4 bn Kai Sokhna real estate project in November, according to a press release.

The project will comprise the first 200-room Hilton hotel in Ain Sokhna, slated for opening in 2024.

Mohamed Khaled el Assal, CEO of Misr Italia Properties, said "With a white sandy beach extending over 1,000 meters, the project includes 366 units between villas and chalets and an upscale Hilton hotel to be managed by the hospitality leader under the Hilton Hotels and Resorts brand."

The coastal resort is designed by Alchemy Design Studio.

El Assal mentioned that the company finished the leveling and skeleton works of the first phase of the project, and completed their external finishing works by 80%.

The second phase currently stands with 80% of leveling works done and 100% of the hotel’s concrete work and piles already finished, he added.

The new hotel, upon its opening, will be a valuable addition to an existing portfolio of 15 Hilton development located across Egypt, according to Mohab Ghali, Hilton's vice president of operations for Egypt and North Africa.

In June, Misr Italia launched the first small executive office project in Cairo Business Park.

 

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